Discovery Fund – WFDDX

Administrator Class

CUSIP 949915359

Share Price 04-29-16 28.36

Daily Change -0.17

YTD Return -2.34%

Morningstar Category Mid-Cap Growth

Inception Date 12-31-1987

Fund Number 3703

Net Fund Assets as of 03-31-2016 $2,856,817,836.15

Overall Morningstar Rating™ (out of 640 funds)
as of 03-31-2016
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Morningstar RatingMorningstar RatingMorningstar Rating

Fund Notes

  • The Discovery Fund is closed to most new investors. For further information, please see the section entitled "Additional Purchase and Redemption Information" in the SAI.
  • Read the Quarterly Fund Commentary (PDF).

More Information

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MORNINGSTAR RATINGS™ as of 03-31-2016

Category = Mid-Cap Growth

3-year Morningstar Rating™ (out of 640 funds)   Morningstar RatingMorningstar Rating

5-year Morningstar Rating™ (out of 574 funds)   Morningstar RatingMorningstar RatingMorningstar Rating

10-year Morningstar Rating™ (out of 428 funds)   Morningstar RatingMorningstar RatingMorningstar RatingMorningstar Rating

Overall Morningstar Rating™ (out of 640 funds)   Morningstar RatingMorningstar RatingMorningstar Rating

The Overall Morningstar Rating for a fund is derived from a weighted-average of the performance figures associated with its three-, five- and ten-year (if applicable) ratings, based on risk-adjusted returns. Click here for more information.

Morningstar® Style Box™as of 03-31-2016
Morningstar Style Box
Click here for more information.

Lipper Mid-Cap Growth Funds

1-year   289 out of 398

3-year   242 out of 345

5-year   157 out of 316

10-year   36 out of 226

Past performance is no guarantee of future results.


    1-year 3-year 5-year 10-year Since Inception

Discovery Fund       -11.20%   6.41%   7.52%   7.76%   11.04%

Russell 2500 Growth Index       -9.57%   9.25%   8.77%   7.00%   --

Figures quoted represent past performance, which is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted and assumes the reinvestment of dividends and capital gains. Click here for current month-end performance.
Administrator Class shares are sold without a front-end sales charge or contingent deferred sales charge.


Net Expense Ratio – effective since 02-01-16   1.11%

Gross Expense Ratio   1.11%

The advisor has committed, through 01-31-17, to waive fees and/or reimburse expenses to the extent necessary to cap the fund's total annual fund operating expenses after fee waiver, excluding certain expenses, at 1.15%. After this time, the cap may be increased or terminated only with the approval of the Board of Trustees. Without this cap, the fund's returns would have been lower.


2015   -1.38%
2014     0.69%
2013     42.66%
2012     15.95%
2011     0.88%
2010     35.06%
2009     38.66%
2008   -43.48%
2007     22.22%
2006     13.27%

  • Not FDIC Insured
  • No Bank Guarantee
  • May Lose Value